Bangor Savings Bank Decreases Stock Holdings in FTI Consulting, Inc. (NYSE:FCN)

Bangor Savings Bank cut its holdings in FTI Consulting, Inc. (NYSE:FCN) by 97.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185 shares of the business services provider’s stock after selling 6,505 shares during the quarter. Bangor Savings Bank’s holdings in FTI Consulting were worth $35,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Prospera Private Wealth LLC bought a new position in FTI Consulting during the third quarter valued at $34,000. Wilmington Savings Fund Society FSB bought a new position in shares of FTI Consulting in the 3rd quarter valued at about $35,000. Quarry LP grew its position in FTI Consulting by 337.8% in the third quarter. Quarry LP now owns 162 shares of the business services provider’s stock worth $37,000 after acquiring an additional 125 shares in the last quarter. UMB Bank n.a. increased its stake in FTI Consulting by 76.6% during the third quarter. UMB Bank n.a. now owns 166 shares of the business services provider’s stock worth $38,000 after acquiring an additional 72 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in FTI Consulting during the third quarter valued at approximately $38,000. Institutional investors own 99.36% of the company’s stock.

Analysts Set New Price Targets

FCN has been the subject of a number of recent research reports. Truist Financial lifted their target price on FTI Consulting from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. StockNews.com upgraded shares of FTI Consulting from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd.

FTI Consulting Price Performance

Shares of NYSE FCN opened at $193.68 on Wednesday. FTI Consulting, Inc. has a 1 year low of $185.93 and a 1 year high of $243.60. The firm has a 50-day simple moving average of $198.04 and a two-hundred day simple moving average of $213.31. The company has a market cap of $6.96 billion, a P/E ratio of 22.26 and a beta of 0.14.

FTI Consulting (NYSE:FCN) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.21). The business had revenue of $926.00 million for the quarter, compared to the consensus estimate of $946.16 million. FTI Consulting had a return on equity of 14.79% and a net margin of 8.37%. FTI Consulting’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.34 earnings per share. As a group, equities research analysts expect that FTI Consulting, Inc. will post 8.1 EPS for the current year.

FTI Consulting Profile

FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company operates through Corporate Finance & Restructuring, Forensic and Litigation Consulting, Economic Consulting, Technology, and Strategic Communications segments. The Corporate Finance & Restructuring segment provides business transformation and strategy, transactions, and turnaround and restructuring services.